Updated 18/10/2024
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Version from: 08/07/2016
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Article 75 - Communication of individual decisions in the absence of a joint decision

Article 75

Communication of individual decisions in the absence of a joint decision

1.  

In the absence of a joint decision between the group-level resolution authority and the resolution authorities of subsidiaries within the time period referred to in Article 13(4) of Directive 2014/59/EU, all decisions referred to in Article 13(5) and (6) of that Directive shall be communicated in writing by the relevant resolution authorities of subsidiaries to the group-level resolution authority, by the latest of the following dates:

(a) 

the date one month after the expiry of the time period referred to in Article 13(4) of Directive 2014/59/EU;

(b) 

the date one month after the provision of any advice by the EBA following a request for consultation in accordance with the third subparagraph of Article 13(4) of Directive 2014/59/EU;

(c) 

the date one month after any decision taken by the EBA in accordance with the second subparagraph of Article 13(5) or Article 13(6) of Directive 2014/59/EU or any other date set by the EBA in such a decision.

2.  
The group-level resolution authority shall notify without undue delay its own decision and the decisions referred to in paragraph 1 to the other resolution college members.